PAGAC Drone Holding GP I Ltd. Amends Cushman & Wakefield Stake

TL;DR

**PAGAC Drone Holding GP I Ltd. just updated their Cushman & Wakefield ownership.**

AI Summary

PAGAC Drone Holding GP I Ltd. filed an amended SC 13G/A on January 10, 2024, indicating a change in their beneficial ownership of Cushman & Wakefield plc's Ordinary Shares, $0.10 nominal value per share, as of December 31, 2023. This filing is an amendment, meaning PAGAC Drone Holding GP I Ltd. previously reported ownership and is updating that information. This matters to investors because it signals a potential shift in a significant institutional holder's stake, which could influence market perception or future stock performance.

Why It Matters

This filing updates the public record on a major investor's position in Cushman & Wakefield, providing transparency on institutional ownership changes that can impact stock sentiment.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not inherently signal high risk, but rather provides transparency.

Analyst Insight

An investor should note this routine update of institutional ownership by PAGAC Drone Holding GP I Ltd. and consider it as part of a broader analysis of Cushman & Wakefield's institutional holder base, rather than a standalone buy/sell signal.

Key Players & Entities

• PAGAC Drone Holding GP I Ltd. (company) — the entity filing the SC 13G/A amendment
• Cushman & Wakefield plc (company) — the subject company whose shares are being reported
• $0.10 (dollar_amount) — nominal value per share of Ordinary Shares
• December 31, 2023 (date) — the date of the event requiring the filing
• January 10, 2024 (date) — the filing date of the SC 13G/A

FAQ

Key Financial Figures

• $0.10 — c (Name of Issuer) Ordinary Shares, $0.10 nominal value per share (Title of Cla

Filing Documents

• pag-sc13ga_123123.htm (SC 13G/A) — 56KB
• 0001999371-24-000342.txt ( ) — 58KB

From the Filing

SC 13G/A 1 pag-sc13ga_123123.htm AMENDMENT TO FORM SC-13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d- 1(b),(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934* Cushman & Wakefield plc (Name of Issuer) Ordinary Shares, $0.10 nominal value per share (Title of Class of Securities) G2717B108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. G2717B108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) PAGAC Drone Holding GP I Ltd 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 13,674,303 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 13,674,303 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,674,303 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.0%* 12 TYPE OF REPORTING PERSON PN * The calculation is based on a total of 227,253,350 Ordinary Shares (as defined below) outstanding as of October 25, 2023, as reported in the Issuer’s (as defined below) Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “ Commission ”) on October 31, 2023. Item 1(a) . Name of Issuer : Cushman & Wakefield plc (the “ Issuer ”) Item 1(b) . Address of Issuer’s Principal Executive Offices : 125 Old Broad Street London, United Kingdom, EC2N 1AR Item 2(a) . Name of Person Filing : PAGAC Drone Holding GP I Ltd (the “ Reporting Person ”) Items 2(b) . Address of Principal Business Office or, if none, Residence : The Items 2(c) . Citizenship : PAGAC Drone Holding GP I Ltd is a Cayman Islands limited company. Item 2(d) . Titles of Classes of Securities : Ordinary Shares, $0.10 nominal value per share (“ Ordinary Shares ”). Item 2(e) . CUSIP NUMBER: G2717B108 Item 3 . If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a : (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). Item 4 . Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: The Reporting Person is the general partner of PAGAC Drone Holding I LP (“PAGAC” and, together with the Reporting Person, the “PAG Entities”). PAGAC is the direct holder of 13,674,303 Ordinary Shares. Messrs. Jon Robert Lewis, Lincoln Lin Feng Pan, Noel Walsh and David Alan Fowler have been delegated, in accordance with certain proxy voting guidelines, the authority to implement voting decisions and the authority to implement disposition decisions with respect to shares indirectly held by PAGAC Drone Holding GP I Limit

View Full Filing

View this SC 13G/A filing on SEC EDGAR